Civic Intelligence

Abilene Education Foundation

EIN 31-1741496 • 501(c)3 • Abilene, TX

Profile

The Abilene Education Foundation is a non-profit community organization created to enhance and inspire excellence in education for the students and teachers of the Abilene Independent School District.

PO Box 1999Abilene, TX 79604

www.aaeeff.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-42%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$83,965

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-39%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,453,892

Up $180,857 (+14%) from 2022

Liabilities

Up

$36,171

Up $16,407 (+83%) from 2022

Net Assets

Up

$1,417,721

Up $164,450 (+13%) from 2022

Revenue

Up

$839,974

Up $461,905 (+122%) from 2022

Expenses

Up

$702,456

Up $52,929 (+8.1%) from 2022

Net Income

Up

$137,518

Up $408,976 (+151%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,640,261Liabilities 2020: $37,246Net Assets 2020: $1,603,0152020Assets 2021: $1,544,295Liabilities 2021: $19,566Net Assets 2021: $1,524,7292021Assets 2022: $1,273,035Liabilities 2022: $19,764Net Assets 2022: $1,253,2712022Assets 2023: $1,453,892Liabilities 2023: $36,171Net Assets 2023: $1,417,7212023

Highlighted filing

2023

Assets$1,453,892
Liabilities$36,171
Net Assets$1,417,721

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,009,255Expenses 2020: $637,267Net Income 2020: $371,9882020Revenue 2021: $531,469Expenses 2021: $597,905Net Income 2021: -$66,4362021Revenue 2022: $378,069Expenses 2022: $649,527Net Income 2022: -$271,4582022Revenue 2023: $839,974Expenses 2023: $702,456Net Income 2023: $137,5182023

Highlighted filing

2023

Revenue$839,974
Expenses$702,456
Net Income$137,518

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$844,322
Mission and Program Overview

Mission

The Abilene Education Foundation is a non-profit community organization created to enhance and inspire excellence in education for the students and teachers of Abilene Independent School District.

The Abilene Education Foundation is a non-profit community organization created to enhance and inspire excellence in education for the students and teachers of the Abilene Independent School District.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$209,004$402,407▲ $193,403
Savings and Temporary Cash Investments$328,738$308,320▼ $20,418
Prepaid Expenses and Deferred Charges$1,361$487▼ $874
Total Assets$1,273,035$1,453,892▲ $180,857
Other Assets Total$733,932$742,678▲ $8,746
Liabilities
Accounts Payable and Accrued Expenses$18,047$26,425▲ $8,378
Deferred Revenue-$9,746-
Other Liabilities$1,717--
Total Liabilities$19,764$36,171▲ $16,407
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,110,580$1,303,538▲ $192,958
Net Assets Without Donor Restrictions$142,691$114,183▼ $28,508
Total Net Assets Fund Balance$1,253,271$1,417,721▲ $164,450
Total Liabilities and Net Assets / Fund Balance$1,273,035$1,453,892▲ $180,857

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$34,811$34,811
Other Assets Org$10--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$733,922-▲ $40,847$4,430$742,668
2021$748,170$54,504▼ $43,239$4,682$733,922
2020$598,455$1,995▲ $171,041$4,186$748,170
2019$593,954$12,726▲ $17,369$3,679$598,455
2018$599,477$5,626▲ $14,740$4,366$593,954
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam SamuelsExecutive DirectorFT$50,853$80$50,933

Board Members and Trustees

NameTitle
Jessica MelsonPresident
Callie HarrisVice President
Amanda PittmanDirector
Amy McAdamsDirector
Ann HallDirector
Dayton BorgerDirector
Debbie LangfordDirector
Emerald CassidyDirector
Jose ValenzuelaDirector
Keathly RoanDirector
Leah HymelDirector
Marcus WileyDirector
Mike McAuliffeDirector
Patrick ClancyDirector
Peter ZellerDirector
Sandi RainwaterDirector
Jennifer EllerSecretary
Michael NewtonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$785,412
Program Service Revenue
$0
Investment Income
$40,167
Other Revenue
$14,395
All Other Contributions
$785,412
Change in Net Assets
$137,518

Audited Revenue Reconciliation

Revenue per Audited Statements
$839,974
Revenue Not Reported on Form 990
$38,696
Total Revenue per Audited Statements
$878,670
Total Revenue per Form 990
$839,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$381,751
Other Expenses$162,195
Salaries, Compensation, and Employee Benefits$158,510
Total Fundraising Expense$12,798
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$245,257--$245,257
Grants to Domestic Individuals$136,494--$136,494
Other Salaries and Wages$69,376$56,422$7,550$133,348
Fees for Services Accounting-$40,172-$40,172
Other Employee Benefits-$14,975-$14,975
Office Expenses$471$9,762-$10,233
Payroll Taxes$5,303$4,306$578$10,187
Travel$5,083$1,843-$6,926
Fees for Services Other$5,505--$5,505
Advertising--$3,637$3,637
Information Technology-$3,300-$3,300
Other Expenses$1,026$2,125$1,033$3,151
Insurance-$2,329-$2,329
Conferences and Meetings$1,201$584-$1,785
Total Functional Expenses$545,808$143,850$12,798$702,456

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$714,220
Expenses per Audited Statements$702,456
Total Expenses per Form 990$702,456
Expenses Not Reported on Form 990$11,764
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abilene Independent School DistrictAbilene, TX-COOL Counselors Salaries & Benefits$245,257
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,743
Fundraising Direct Expenses$4,348
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Teacher Appe$18,743$18,743$4,348$14,395
Total Events$18,743$18,743$4,348$14,395
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is distributed to all board members for review. All questions are discussed and answered with proper research. Before the Form 990 is finalized, signed and submitted, the exectuive committee members approve the return.

Conflict of interest policy compliance Part VI line 12C

Board members revisit the conflict of interest policy and sign off on the agreement each August at the first board meeting of the year. They are to notify the executive director immediately of any situation that may cause them to be out of compliance with the policy.

CEO executive director top management comp Part VI line 15A

An evaluation document is used for all employees. The executive director reviews and approves the evaluation of all employees in the office. The executive director and campus principals approve the evaluation of the COOL campus counselors. The board of directors elects the president and one board member to evaluate the executive director.

Other officer or key employee compensation Part VI line 15B

An evaluation document is used for all employees. The executive director reviews and approves the evaluation of all employees in the office. The executive director and campus principals approve the evaluation of the COOL campus counselors. The board of directors elects the president and one board member to evaluate the executive director.

Governing documents etc available to public Part VI line 19

Form 990 is made available upon request as well as being availble on Guidestars website. All documents, policies and financial statements are also available upon written request.

Filing and Contact Details

Filer

Filer Name
Abilene Education Foundation
EIN
31-1741496
Address
PO Box 1999, Abilene, TX 79604

Signing Officer

Name
Jessica Melson
Title
President
Phone
3256776362
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Melson
Formed
2000
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
65

Preparer

Firm
Roberts & McGee CPA
Address
104 Pine Street Suite 710, Abilene, TX 79601
Preparer
Stacey L McGee
Phone
3257019502
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

Endowment funds are held by the Community Foundation of Abilene (CFA), an unrelated organziation. The individual endowments were established by various donors with the principal being permanently restricted or AEF board approved quasi-restricted funds for variou programs. Each endowment is managed by CFA following the requirements of that particular fund and CFA annually distributes earnings from the funds to be used for the designated scholarship or award as directed by the requirements of the endowments when established.

Other revenues not included on Form 990 (Part XI, line 2D)

Fundraising expenses are included on the audited finanical statements as an expense but are included on Form 990 as an offset to the fundraising revenue on Part VIII line 8b

Other expenses not included on Form 990 (Part XII, line 2D)

Fundraising expenses are included on audited finaincial statements as an expense but are included on Form 990 as an offset to the fundraising revenue on Part VIII line 8b.

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